Emirates Said to Be Raising as Much as $2.5 Billion for A380s
- Dubai-owned carrier seeking an 18-month bridge facility
- Emirates to take deliveries of 21 A380s this fiscal year
Emirates Seeks $2.5B for 21 A380s
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Emirates, the world’s biggest airline by international passenger traffic, is seeking to raise as much as $2.5 billion to fund the purchase of Airbus Group SE A380 superjumbos, according to two people with knowledge of the deal.
The Dubai government-owned carrier plans an 18-month bridge loan priced at about 135 basis points over the London Interbank Offered Rate, said the people, asking not to be identified because the information is private. The bridge facility will later be converted to a 12-year loan to fund about 10 A380s, which will be delivered before the year end, one of the people said.